Tax Year 2024
2024 Federal Tax Brackets
Married Filing Jointly filing status
Income Tax Brackets
These are marginal rates — each rate applies only to income within that range.
| Tax Rate | Income Range | Tax on Bracket |
|---|---|---|
| 10% | $0 – $23,200 | $2,320 |
| 12% | $23,200 – $94,300 | $8,532 |
| 22% | $94,300 – $201,050 | $23,485 |
| 24% | $201,050 – $383,900 | $43,884 |
| 32% | $383,900 – $487,450 | $33,136 |
| 35% | $487,450 – $731,200 | $85,313 |
| 37% | $731,200 and above | — |
“Tax on bracket” is the maximum federal tax owed within that bracket only.
Standard Deduction (2024)
For married filing jointly filers in 2024, the standard deduction is $29,200. This amount is subtracted from your gross income before applying the brackets above. Most filers take the standard deduction rather than itemizing.
How brackets work
US income tax is progressive — only the income within each bracket is taxed at that rate. If your taxable income is $94,300 (the start of the 22% bracket), the first $23,200 is still taxed at 10%, the next portion at 12%, and only the amount above $94,300 at 22%.
To estimate your actual tax bill with deductions, credits, and state taxes, use the Kalkfin Tax Calculator.